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AUSTRALIAN RETIREES STRUGGLING ON AN AVERAGE US$16,640 A YEAR.
SYDNEY, Feb 1 Asia Pulse - Australian retirees are living on an average of only A$22,000 (US$16,640) per year, pushing some to gamble or even consider breaking the law to fatten their wallets, new research shows.
Citibank's latest Retirement Index has also revealed that almost one million of the nation's retirees have returned to the workforce since leaving it.
Citibank head of investments Andrew de Vries said Tuesday the general rule of thumb for retirement income is two-thirds of final annual salary.
But he said for many Australian retirees, that level of income is only covering essentials.
"Early retirement and staying permanently retired is getting harder for just about everyone," Mr de Vries said.
"Those who've done the proper planning and started saving early are in the box seat.
"But most retirees are being forced to supplement their income because what they have to live on is just not enough - something's gotta give."
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- Magazine article from: Literator: Journal of Literary Criticism, comparative linguistics and literary studies du Plooy, Heilna August 1, 2007 700+ words
...se lewe en werk bymekaar. Abraham H. de Vries het oor baie jare 'n huishoudelike naam...letterkundige tande. Verder is Braam de Vries ook deel van daardie buitengewoon belangrike...en Hennie Aucamp. Nou het Abraham H. de Vries 70 geword en sy vriende en kollegas het...
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...concerning three suspicions in respect of Mr. De Vries, Chairman of the Executive Board of TenCate...of this, there is no question of Mr. De Vries having a direct or indirect involvement...million mentioned in the media that Mr. De Vries received in 1996 related to a financial...
- Community of laughter: remembering Peter De Vries. (Obituary)
- Magazine article from: The Christian Century Wood, Ralph C. October 20, 1993 700+ words
...lady," declares a character in a Peter De Vries novel, "we all come to dust." So...unknown to me, I am confident that in dying De Vries did not resemble another of his characters...the last letter I received from him, De Vries indicated that death was no great dread...
- De Vries Companies Move Loft Living to Grand Rapids.
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...RAPIDS, Mich., Feb. 7 /PRNewswire/ -- De Vries Companies today announced plans to renovate...perfect location for Landmark Lofts," said Ed De Vries, partner and co-founder of De Vries Companies. "Not only is it minutes away from...
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- Newspaper article from: EuropeMedia September 22, 2002 700+ words
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- Peter De Vries and Surrealism.
- Magazine article from: The Christian Century Wood, Ralph C. September 11, 1996 700+ words
PETER DE VRIES is the funniest writer I have ever read...discourse on total depravity in which De Vries reflects on his temptation as a youthful...to make of such wildly incisive humor? De Vries's theological interpreters read him...
- Football: DE VRIES IS DOUBLE HIT; LEICESTER.............2 de Vries 10,12...
- Newspaper article from: Sunday Mirror (London, England) September 11, 2005 700+ words
Byline: By BILL MILLS MARK DE VRIES fired a reminder to Craig Levein with...exit of David Connolly to Wigan, but De Vries is not prepared to be the fall guy. And...want your strikers to score goals." De Vries ensured Connolly's shock departure was...
- FOOTBALL: DE VRIES DELIVERS; LEICESTER.............2 De Vries 10, 12...
- Newspaper article from: Sunday Mirror (London, England) September 11, 2005 700+ words
Byline: By BILL MILLS MARK DE VRIES fired a reminder to Craig Levein with...exit of David Connolly to Wigan, but De Vries is not prepared to be the fall guy. And...want your strikers to score goals." De Vries ensured Connolly's shock departure was...
Source: HighBeam Research, AUSTRALIAN RETIREES STRUGGLING ON AN AVERAGE US$16,640 A YEAR.